Copyright (c) 2014 Kerrie Peacock
It is now possible to purchase an affordable life insurance cover thanks to the versatile competition faced in the insurance industry. Over recent years, insurance service providers have been rolling up their sleeves and burning the midnight oil with the sole aim of getting more clients under their wings hence enhancing flexibility in policies. Did you know that it is now possible to procure a term life insurance cover without necessarily having to undergo through medical exams? Well, this recent change in the medical underwriting process favors those with low risk levels such as western Australians who have lately seen a fall in death rates emanating from heart diseases and infectious diseases, alongside increased life expectancy according to a report by the Department of Health, Western Australia.
While applying for a term life insurance policy, you will be required to disclose essential medical information ranging from your smoking and drinking habits to any pre-existing health conditions. This should be done in good faith and further medical underwriting will only be sourced if you are considered as high risk. So, what are the benefits of purchasing such a policy?
Advantages Of Term Life Insurance Without Medical Exams:
Lets You Stick Your Busy schedule
A national worry survey by the Centre for Emotional Health revealed that approximately two-thirds of Australians frequently worry about their career and study. The point here is that, Australians would rather seek to grow career-wise rather than spend time doing other things that are not work-related such as undergoing through insurance underwriting processes which can be indeed quite time consuming.
The least amount of time gobbled up in a typical medical underwriting review is approximately six weeks which includes taking a host of medical exams. These visits to a medical facility for a plethora of check-ups would require you to take time off work hence disrupting your busy schedule significantly. However, a term life insurance cover without exams allows you to settle the basics over a mere phone call meaning that your policy is approved and activated in the shortest amount of time possible.
Ideal Solution To Those Previously Denied Cover
In insurance, the higher risk you pose, then the higher your chances of getting denied a policy. According to a recent report by the Public Health Advocacy Institute Western Australia, Western Australia leads in percentage of risky drinking individuals among all states in the country. This therefore means that there is high likelihood of most individuals in the region getting denied life cover if not having to pay high premiums. All is not lost as such applicants can seek refuge in the affordable term life insurance cover without medical exams.
Several Options In Attaining Affordable Premiums
The versatile competitive climate faced in the insurance industry is not cooling off anytime soon according to a recent Life Insurance Market Research Report by ANZ. The report discloses that the 32 operational life insurance service providers are likely to reduce to 28 in the coming year owed to mergers and closure of small players. This competition hence paves way for competitive rates and premiums for clients seeking life insurance policies serving as beneficial to all Australians. You can go through a number of available policies and check the offers to find the most competitive. With this, you are bound to find one offering premiums that fit your budget.
It is now possible to purchase an affordable life insurance cover thanks to the versatile competition faced in the insurance industry. Over recent years, insurance service providers have been rolling up their sleeves and burning the midnight oil with the sole aim of getting more clients under their wings hence enhancing flexibility in policies. Did you know that it is now possible to procure a term life insurance cover without necessarily having to undergo through medical exams? Well, this recent change in the medical underwriting process favors those with low risk levels such as western Australians who have lately seen a fall in death rates emanating from heart diseases and infectious diseases, alongside increased life expectancy according to a report by the Department of Health, Western Australia.
While applying for a term life insurance policy, you will be required to disclose essential medical information ranging from your smoking and drinking habits to any pre-existing health conditions. This should be done in good faith and further medical underwriting will only be sourced if you are considered as high risk. So, what are the benefits of purchasing such a policy?
Advantages Of Term Life Insurance Without Medical Exams:
Lets You Stick Your Busy schedule
A national worry survey by the Centre for Emotional Health revealed that approximately two-thirds of Australians frequently worry about their career and study. The point here is that, Australians would rather seek to grow career-wise rather than spend time doing other things that are not work-related such as undergoing through insurance underwriting processes which can be indeed quite time consuming.
The least amount of time gobbled up in a typical medical underwriting review is approximately six weeks which includes taking a host of medical exams. These visits to a medical facility for a plethora of check-ups would require you to take time off work hence disrupting your busy schedule significantly. However, a term life insurance cover without exams allows you to settle the basics over a mere phone call meaning that your policy is approved and activated in the shortest amount of time possible.
Ideal Solution To Those Previously Denied Cover
In insurance, the higher risk you pose, then the higher your chances of getting denied a policy. According to a recent report by the Public Health Advocacy Institute Western Australia, Western Australia leads in percentage of risky drinking individuals among all states in the country. This therefore means that there is high likelihood of most individuals in the region getting denied life cover if not having to pay high premiums. All is not lost as such applicants can seek refuge in the affordable term life insurance cover without medical exams.
Several Options In Attaining Affordable Premiums
The versatile competitive climate faced in the insurance industry is not cooling off anytime soon according to a recent Life Insurance Market Research Report by ANZ. The report discloses that the 32 operational life insurance service providers are likely to reduce to 28 in the coming year owed to mergers and closure of small players. This competition hence paves way for competitive rates and premiums for clients seeking life insurance policies serving as beneficial to all Australians. You can go through a number of available policies and check the offers to find the most competitive. With this, you are bound to find one offering premiums that fit your budget.